& High school & Employed 8 & Annual labor & High school & Employed 8 & Annual labor \\
& GPA & years after & income 8 years & GPA & years after & income 8 years \\
& & the exams & after the exams & & the exams & after the exams \\
& & & (log) & & & (log) \\
\midrule
\textit{Panel A:} & \multicolumn{3}{c}{\textit{Low Ability, Below Median Course Grades}} & \multicolumn{3}{c}{\textit{High Ability, Above Median Course Grades}} \\
\cmidrule(lr){2-4} \cmidrule(lr){5-7} \\
$\textrm{GPA\_luck}$ &      0.0258***&      0.0026   &      0.0041   &      0.0239***&      0.0003   &      0.0061*  \\
                    &    (0.0020)   &    (0.0020)   &    (0.0032)   &    (0.0020)   &    (0.0021)   &    (0.0036)   \\
Mean dep. var.      &      -0.725   &       0.744   &      12.621   &       0.735   &       0.737   &      12.734   \\
N                   &       45133   &       45133   &       33559   &       44505   &       44505   &       32784   \\
\midrule
\textit{Panel B:} & \multicolumn{3}{c}{\textit{Boys}} & \multicolumn{3}{c}{\textit{Girls}} \\
\cmidrule(lr){2-4} \cmidrule(lr){5-7} \\
$\textrm{GPA\_luck}$ &      0.0261***&      0.0002   &      0.0042   &      0.0232***&      0.0028   &      0.0057*  \\
                    &    (0.0021)   &    (0.0020)   &    (0.0038)   &    (0.0020)   &    (0.0020)   &    (0.0030)   \\
Mean dep. var.      &      -0.137   &       0.727   &      12.717   &       0.106   &       0.750   &      12.647   \\
N                   &       39022   &       39022   &       28381   &       50616   &       50616   &       37962   \\
\midrule
\textit{Panel C:} & \multicolumn{3}{c}{\textit{Below Median Parental Income}} & \multicolumn{3}{c}{\textit{Above Median Parental Income}} \\
\cmidrule(lr){2-4} \cmidrule(lr){5-7} \\
$\textrm{GPA\_luck}$ &      0.0253***&     -0.0000   &      0.0028   &      0.0241***&      0.0032   &      0.0072** \\
                    &    (0.0019)   &    (0.0020)   &    (0.0033)   &    (0.0020)   &    (0.0020)   &    (0.0034)   \\
Mean dep. var.      &      -0.129   &       0.746   &      12.648   &       0.129   &       0.735   &      12.707   \\
N                   &       44819   &       44819   &       33416   &       44819   &       44819   &       32927   \\
\midrule
\textit{Panel D:} & \multicolumn{3}{c}{\textit{Below Median Parental Education}} & \multicolumn{3}{c}{\textit{Above Median Parental Education}} \\
\cmidrule(lr){2-4} \cmidrule(lr){5-7} \\
$\textrm{GPA\_luck}$ &      0.0254***&      0.0008   &      0.0035   &      0.0237***&      0.0028   &      0.0072*  \\
                    &    (0.0018)   &    (0.0018)   &    (0.0028)   &    (0.0022)   &    (0.0023)   &    (0.0042)   \\
Mean dep. var.      &      -0.195   &       0.764   &      12.676   &       0.245   &       0.710   &      12.678   \\
N                   &       49899   &       49899   &       38110   &       39739   &       39739   &       28233   \\
